News

World equities hit record highs, US yields fall on optimism for Fed rate cut

An index of global equity markets rose to a record high for the second straight session on Wednesday, partly underpinned by ...

Stock market today: Dow, S&P 500, Nasdaq rise as Fed rate cut bets surge after inflation data

US stocks rose amid increasing expectations that the Federal Reserve will cut interest rates at its next meeting, following ...

Bessent calls for steep interest rate cuts

Treasury Secretary Scott Bessent said Wednesday that short term interest rates should be 1.5 to 1.75 percentage points lower than their current level, keeping up the administration’s pressure ...

Fed's Goolsbee is concerned about inflation, not jobs, hinting at high bar for rate cut

Fed's Goolsbee said he's more worried about inflation than weak job growth. His remarks suggest he may not support a September rate cut.

Home equity rates dip as hopes of a Fed September slash strengthen

This uncertainty introduces interest rate risk, especially for HELOCs with variable rates, meaning borrowing costs could ...

Bessent says interest rates should be 150 to 175 basis points lower

Treasury Secretary Scott Bessent said interest rates are too high by 150 to 175 basis points in an interview with Bloomberg ...

Fed's current monetary policy stance is 'exactly where we want to be,' official says

Kansas City Federal Reserve President Jeffrey Schmid said he favors keeping interest rates at current levels to prevent ...

Bessent urges Fed to slash rates next month, with ideal goal ‘150, 175 basis points lower’

Treasury Secretary Scott Bessent on Wednesday urged central bankers to issue a half-point cut at next month’s meeting – breaking from his zipped-lip stance on the Fed’s monetary agenda. Bessent said ...